Hy-Tech Engineers Debuts at 42% Premium on NSE

Hy-Tech Engineers is a company that makes parts used in hydraulic machines.

It sold shares to the public through an IPO.

The company priced each share at Rs 53.

When trading began, the shares were worth Rs 75 on the NSE.

That was 42% higher than the IPO price.

On the BSE, the shares opened at Rs 72, or 36% higher.

The IPO raised Rs 135.73 crore for the company and selling shareholders.

The company has more than 11,000 types of hydraulic fittings and has operated in the industry for over four decades.